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Indicator Warehouse use BMT indicators?


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Indicator Warehouse use BMT indicators?

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  #1 (permalink)
Sydney - Australia
 
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I was sent an email today from Indicator Warehouse advertising their MACD BB indicator.

I played the video from this link NinjaTrader Indicator Video for the MACD BB|IndicatorWarehouse.com

and was very surprised to see quite a few of the futures.io (formerly BMT) indicators listed on the Ninja demo when the presenter showed and explained the settings for the MACD BB indicator.

This got me thinking. How many of the great futures.io (formerly BMT) indicators are being sold off as original indicators by vendors?

This obviously shows the quality of indicators being developed and created by futures.io (formerly BMT) members.

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  #3 (permalink)
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It seems that on Indicator Warehouse there are more than one indicator that can be find here on futures.io (formerly BMT), like Tape Speed Reader Tape Speed Reader for NinjaTrader|IndicatorWarehouse.com.


I think it is really unfair, I wonder if there may be a solution to this problem.

Luke.

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  #4 (permalink)
the coin hunter
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I saw futures.io (formerly BMT)collectiveMA on there. There is just no way to control it beside I post an indi so that it can be shared and maybe improved upon. That is why I post.

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  #5 (permalink)
paris
 
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is there a 'legal' way to stop this company from stealing all the great work done by elite (and others) members.. ?

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  #6 (permalink)
CA
 
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I think they should take it off... but like the other guy said, hard to control it

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  #7 (permalink)
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The only way to avoid code stealing would be to not showing the source code, but just sharing a crypted dll.
But a crypted dll can do some very bad things, and being able to see the source code is very valuable, it can give ideas/tricks, so being unable to see it is not a good idea.

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  #8 (permalink)
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And what about release an open source indicator under one of free license like GPL?

Luke.

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  #9 (permalink)
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arnaudlx View Post
is there a 'legal' way to stop this company from stealing all the great work done by elite (and others) members.. ?

No, once it's posted here, it's in the public domain.

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  #10 (permalink)
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LukeGeniol View Post
It seems that on Indicator Warehouse there are more than one indicator that can be find here on futures.io (formerly BMT), like Tape Speed Reader Tape Speed Reader for NinjaTrader|IndicatorWarehouse.com.


I think it is really unfair, I wonder if there may be a solution to this problem.

Luke.

I don't know about the other ones, but that one did not come from futures.io (formerly BMT). 100% sure.

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  #11 (permalink)
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Zoethecus View Post
No, once it's posted here, it's in the public domain.

Are you sure they can't be republished under the GNU in relation to any future use? I am not a lawyer, it was just a thought.

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  #12 (permalink)
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traderwerks View Post
I don't know about the other ones, but that one did not come from futures.io (formerly BMT). 100% sure.

You are right, I'm sorry, I confused it with TimeHistogram on NT forum.

Thanks.

Luke.

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  #13 (permalink)
san antonio usa
 
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oh there is so much I could say.. I know this person and this company inside and out... They have ZERO Compunction when it comes to doing what has been alleged in this thread... I have videos that prove it and.. ok thats all I am sayin.. Trust me when I tell you I know what I am talking about guys..
J

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  #14 (permalink)
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Also the owner of Indicator Warehouse (adam?) is banned here...

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  #15 (permalink)
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This seems unjust... is it possible... just possible... that someone might have an personal ax to grind?

If fact, if you read the complete thread, you see that the company was vindicated.

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  #16 (permalink)
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tttrader View Post
This seems unjust... is it possible... just possible... that someone might have an personal ax to grind?

If fact, if you read the complete thread, you see that the company was vindicated.

If you are talking to me, then I have all the information and facts I need to support my decision to ban him, which was reached a long time ago.

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  #17 (permalink)
san antonio usa
 
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ttt trader..
This is quite possible indeed, but perhaps some axes being ground are warranted.. did that ever occur to you? do you care to discuss it publicly? would you like to see some interesting videos as proof? If you really want to defend them I don't think making me prove myself is a good idea..
J

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  #18 (permalink)
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...that is your right, of course. You are the business owner of the site and your rules prevail. But, allowing such aggressive and negative remarks serves no purpose other than to insight negativity in a highly volatile market place. I always thought of futures.io (formerly BMT) as a positive place to share constructive trading ideas... in fact, I still do. That's why these comments caught me off guard.

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tttrader View Post
...that is your right, of course. You are the business owner of the site and your rules prevail. But, allowing such aggressive and negative remarks serves no purpose other than to insight negativity in a highly volatile market place. I always thought of futures.io (formerly BMT) as a positive place to share constructive trading ideas... in fact, I still do. That's why these comments caught me off guard.

Sorry, but you really don't know what you are talking about if you are making assumptions as to why he was banned.

All I know is he was banned for good reason, and was given multiple chances and warnings prior to being banned. I completely stand behind my decision. His actions after being banned further proved that the decision to ban him was the right one.

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  #20 (permalink)
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If you have some unresolved issues with the company, you should be professional and address them in a private and formal process. futures.io (formerly BMT) is a place to exchange valuable trading ideas, not a place for petty arguments.

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  #21 (permalink)
Market Wizard
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I think Matt Bowen was related to "Indicator Warehouse" too and hosted some MTP insights and a blog. Then some stuff moved to "Ninjariskexpert". Now it is disappeared all. Have anybody an idea what happend?

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  #22 (permalink)
san antonio usa
 
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ttt trader
I will re-cycle your words and say "IF YOU READ THE ENTIRE POST" I am not the one that originated the thread I just contributed and evidently that bothers you. I am sorry if this is too negative for you but clearly I am not the first nor will I be the last to mention this topic.. There are people here that have worked very hard to create and develop the tools and ideas that they have and that is what fuels this entire forum. Why would those people wish to continue to develop trading tools and share their collective knowledge if someone such as the person that has been mentioned herein for example, decides to come into this forum and gather ideas only to go out and capitalize on the hard work of the ones that decided to share those ideas in the first place? When predatory individuals come into this space and pilfer and misbehave that hurts the entire community which includes you AND me.. Big Mike has become an icon in this industry and is a respected forum. His hard work and the contributions and interactions of the members here are of value and for anyone to come in and break the rules and promote illegally "futures.io (formerly BMT) LAWS" then that is stealing from BM AND stealing from those that share their work If you cannot appreciate that and you feel that it is so important to make an issue out of this then I would have to question your motives.. Are you IW with an alias?? just wondering... because this type of activity threatens the establishment that you seem so interested in preserving....sorry but I don't sugar coat things that shouldnt be sugar coated..
I know who I am and why I feel the way I do and Big Mike I sincerely apologize if this thread is now inappropriate by my doing, but what needs to be said just flat needs to be said.. and I said it. I like you, stand behind my decision to say it..

I am done. I said what I needed to say and I thank you for giving it more attention that I ever expected TTT Trader..
Regards
J

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  #23 (permalink)
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Koepisch View Post
I think Matt Bowen was related to "Indicator Warehouse" too and hosted some MTP insights and a blog. Then some stuff moved to "Ninjariskexpert". Now it is disappeared all. Have anybody an idea what happend?

Matt got the shaft

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  #24 (permalink)
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Koepisch View Post
I think Matt Bowen was related to "Indicator Warehouse" too and hosted some MTP insights and a blog. Then some stuff moved to "Ninjariskexpert". Now it is disappeared all. Have anybody an idea what happend?

I know Matt and I actually had talked to him right around the time he was in the process of departing Indicator Warehouse, and in a nutshell, among other things, they violated his ethics as a professional trader and coach in that they wanted him to cease promoting MTPredictor, a known positive expectancy system focused on risk control and position sizing as key factors in long term trading success, in favor of promoting their upcoming "DTS" system, which, based on his repeated testing of the system proved to ultimately be a negative expectancy system when followed in a manner that would be consistently reproducible - a system, which by their own advertising, is geared toward "more action", rather than focused and disciplined trading.

In a nutshell, he was unwilling to diminish his reputation by remaining associated with that and being forced to promote something he did not believe in and so he chose to part ways with them.

And like Jeep said, he was getting the shaft in a lot of ways also.... which is too bad, because they were lucky to have him on board.

The only interaction I had with IW was pretty much with him while he was there, as I had known him from his days with MTPredictor.

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  #25 (permalink)
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As far as I know, the SALES guys from IW have gotten exactly what they wanted. Matt is now Mohan's Salesman and Jeep has his own site. It's good to see everyone is getting exactly what they deserve in the manner that they deserve it.

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Market Wizard
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As said prior, Matt had a MTPredictor related site, who he posted a blog. These site is gone and i wanted to know if anybody can send me the new contact details for Matt. He has backtested MTP trades in conjunction with multiple timeframe analysis. I've done the same and couldn't get any acceleration in profits. So i want ask Matt the details of the trade management. I am sure, that i missed something. It where also nice, if i could get a archive (mht?) file of the blog.

Thanks
Koepisch

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Market Wizard
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  #28 (permalink)
Bangalore
 
 
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Hi Koepisch,

Did you ever get answers about the methodology Matt Bowen was using on the ninjariskexpert.com website?

Thanks,

Anand

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  #29 (permalink)
Market Wizard
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kuratti View Post
Hi Koepisch,

Did you ever get answers about the methodology Matt Bowen was using on the ninjariskexpert.com website?

Thanks,

Anand

@kuratti
Unfortunately i've gotten no response belonging my question. My own studies couldn't confirm his results. But i don't know the exakt setup he had applied at that time.

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  #30 (permalink)
Bangalore
 
 
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Hi,

From what I followed, Matt's latest methodology using MTP on ninjariskexpert.com was to setup MTP Market Analyzer for 3min, 5min, 8min and 13min timeframes.

When there were setups for two or more different timeframes in the same direction for the same market at the same time in the Market Analyzer window, he entered using the setup on the lowest timeframe.

He never doubled up positions in the same market on different timeframes but allowed for positions in all 4 US e-minis at the same time, although they are highly correlated.

I believe that he switched to the MTP ATR trailing stop, once the MTP ATR stop broke through the original entry price. I don't believe that he used the wave price targets (WPT) to exit trades.

I recall that his results were based on trading the US e-minis, 6E and FDAX during US market hours.

I have been testing this method for the US e-minis, 6E, 6B, 6C during US market hours for the past month.

Based on over 100 trades, I've seen a positive expectancy.

Thanks,

Anand

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  #31 (permalink)
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Matt is a salesman for Mohan now? I find that hard to believe. When i spoke to him i got the impression he was not a fan of Boomerang.

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  #32 (permalink)
Legendary Market Wizard
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Matt is now running a daily Live Trading Room for Mohan's Boomerang Day Trader where he patiently explains the setups you should wait for. He watches several markets and also shows live trades in the room.

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  #33 (permalink)
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Big Mike View Post
If you are talking to me, then I have all the information and facts I need to support my decision to ban him, which was reached a long time ago.

Mike

The owner of IW is a thief, and I base that opinion on catching him red handed.. My friend a trading educator was duped by the owner of IW to reveal some info on how he trades and to allow him to use his indicator. He pretended to be a down on his luck newbie. Fast forward a few months later and guess what I find on IW website, that's right the exact thing reversed engineered with a different name. My friend called IW out and IW admitted he did it with a weasel excuse and offered to pay him 50% royalties to avoid a lawsuit. I don't know what the resolution was.

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  #34 (permalink)
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tttrader View Post
...that is your right, of course. You are the business owner of the site and your rules prevail. But, allowing such aggressive and negative remarks serves no purpose other than to insight negativity in a highly volatile market place. I always thought of futures.io (formerly BMT) as a positive place to share constructive trading ideas... in fact, I still do. That's why these comments caught me off guard.


tttrader View Post
This seems unjust... is it possible... just possible... that someone might have an personal ax to grind?

If fact, if you read the complete thread, you see that the company was vindicated.


tttrader View Post
As far as I know, the SALES guys from IW have gotten exactly what they wanted. Matt is now Mohan's Salesman and Jeep has his own site. It's good to see everyone is getting exactly what they deserve in the manner that they deserve it.


tttrader View Post
If you have some unresolved issues with the company, you should be professional and address them in a private and formal process. futures.io (formerly BMT) is a place to exchange valuable trading ideas, not a place for petty arguments.

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  #35 (permalink)
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Mike

Thank you for taking out the trash!

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  #36 (permalink)
ireland
 
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Guys n gals how ye doing. I have no clue what's going on with this stuff but I can say I've asked Mike about what's gone on in the past and I haven't got much of an answer yet or proof of thievery.

I was worried about it because I am interested in their indicators.

So not one to be biased I emailed Adam about the details in here and he was quite open about discussing it. So after a couple of demos I bought some DTS stuff... I'm happy with their performance on sim so far... And I'm still in touch with Adam and he is genuinely worried about his reputation in here. However I am by no means connected, I am a consumer of the indicators and it remains so. I will say in your defender here they could be a good bit cheaper but I managed to cut a bit of a deal. Hopefully it will all work out when I start to trade live.

From my point if view, I know what it's like to be scammed... By The erroneous Joseph James but When I talk about it in trade 2 win forums I give exact evidence and details of the scam. Check out the trade2win frms for that one.

Maybe this is harder to prove but if open source code is out there people just might get ideas from it?
It's not like a major thing, or is it? I know from doing websites I grab bits if code from anywhere..HTML or otherwise.

Anyway my point is I was in a conundrum weather to try a lot of open source indicators here and spend time putting a system together myself. Or buy one that's been back tested and at least claims it works.

So after my due diligence that I have mentioned earlier, I went with DTS. And so far happy with results ... It's really all I can say, I have no idea about the rest of the stuff said here to be completely honest and I have no problem discussing things. Mike forum is fantastic place for information and I'm happy with DTS.

Anyways I'm conspiracast on Pro Traders Unite Skype channel if anyone wants to chat... Cheers.

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  #37 (permalink)
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jeronamo View Post
So not one to be biased I emailed Adam about the details in here and he was quite open about discussing it. So after a couple of demos I bought some DTS stuff... I'm happy with their performance on sim so far... And I'm still in touch with Adam and he is genuinely worried about his reputation in here.

I am speaking to why he was banned:

If he was worried about his reputation, he should have thought about that before creating duplicate accounts after being banned for not following futures.io (formerly BMT) rules and going on to pretend to be a regular user and make postings defending Indicator Warehouse or pro-Indicator Warehouse, when he in fact was Adam of Indicator Warehouse.

What more proof do you need? I am sure he won't deny that if you ask him directly.

Mike

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  #38 (permalink)
san antonio usa
 
Experience: Advanced
Platform: NinjaTrader
Broker: mirus
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Posts: 13 since May 2011
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Hi Mike and Traders

I just wanted to put my two cents worth in here if I may do so.
I would like to say for the record that Adam and I have worked together in the past. At one point in our working relationship not too long ago I did take issue with some things and Adam and I had a difference of opinion that was at the time irreconcilable in my mind.

As I have now found myself at a different place as a Trader however than I was even six months ago, I have accepted the fact that indeed many of the techniques I use are my own spin on something that someone else taught me somewhere along the line over the past nearly fifteen years now. I have seen many indicators evolve from their original format with drastic improvements from one generation to the next. I have really been thinking about all of the allegations that vendors seem to make against one another and sometimes traders make against vendors, of copy catting. I am wondering is it really such a bad thing? I mean there is outright stealing which I think we can all agree is not good. And then there is taking an idea and making it better. Isn't that why we have cell phones now? cell phones that can take videos and allow people to video conference from their golf carts to the other side of the planet? It's called progress as long as you play by the rules.

So with that thought in mind I made it a point to speak with Adam recently after I saw this post where someone went so far as to outright call Adam a thief. I also made it a point to talk to the person that made the post in order to find out what indicator was stolen. I really need to know that the allegations are true since I am a part of the thread albeit PRIOR to the time that the above statement was posted.

Here is what I found out... The person who posted that Adam is a thief says that he or she cannot remember what indicator it was as it was two years ago. And this person does not talk to the friend whose indicator was allegedly stolen. OK Fair enough..

Adam offered me the only explanation he could come up with which was basically that he has no idea who this person is, or what they are talking about but would certainly appreciate hearing from this person directly in order to hear the charges that have been made against him here on this forum. I think that too is a fair response and that certainly any reasonable and unbiased person would agree.

So these were the responses I received, now here is my opinion... I believe that Adam is NOT A THIEF based on what this person who has called him one has posted on here. There seems to be no support to that.

I believe that my differences with Adam were perhaps clouded with emotions at the time and that I drew a hard line in the sand in terms of how I defined an event that took place at the time. My comments were stronger than they needed to be. Therefore I do not believe that Adam is a thief based on the disagreement that we had either.

Those are two issues that I can speak to. In terms of how the situation was handled regarding anything else I have to leave that to Mike and Adam. Mike has a very good handle on how things are done here at futures.io (formerly BMT) and I respect him as a human and as the gatekeeper of the futures.io (formerly BMT) Community and Forum. Adam has also shown fine leadership qualities in the past and has a proven record of success and achievement. I believe that with two individuals as bright and talented as these two guys that anything is possible and I certainly hope for a good outcome for all in the future.

All the best
Jeeprack

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  #39 (permalink)
Visayan Islands, Philippines.
 
Experience: Intermediate
Platform: Ninja
Broker: IB, eSignal.
Trading: Futures
 
Posts: 23 since Jul 2010
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jeeprack View Post
Hi Mike and Traders

I believe that with two individuals as bright and talented as these two guys that anything is possible and I certainly hope for a good outcome for all in the future.

Jeeprack

The Big Mike Forum constitutes a substantial resource and is the property of Big Mike. To get access to this substantial resource you have to enter into a legally binding agreement. Adam Halpern repeatedly lied when entering into that agreement so that he could steal access to the substantial resource that is Big Mike's forum and present himself falsely as a customer. Not once, but twice. Perhaps more. That makes him a liar and a thief.

That does not seem to bother you in the least. You seem to have the same disrespect for legal agreements and the property of others as does Adam Halpern.

One can learn a lot on Big Mike's Forum.

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  #40 (permalink)
Charlotte, NC
 
Experience: Intermediate
Platform: TS,NT, Sierra
Trading: NQ\TF\YM
 
Posts: 10 since Aug 2010
Thanks: 2 given, 2 received

I recently purchased a part of one of their systems. What I did not realize was that it was one part of the three part system. I did find it useful, but it did not work out for my style of trading. That being said, Adam contacted me to offer a refund. Ever heard of a vendor doing this? I have not. I was on the plan where I leased as I went until it was paid off. Not sure what has happened in the past, but I felt this was more than fair, and cannot say anything negative about them, if anything, much more positive.

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  #41 (permalink)
Clifton, NJ/USA
 
Experience: Advanced
Platform: TradeStation, NinjaTrader
Broker: TradeStation, NinjaTraderBrokerage, CQG, IQ-DTN
Trading: ES, NQ, YM, TF, CL, GC, ZB, IWM, FXE, SPY, UVXY, USO, TLT, TBT, QQQ, GLD, JNK
 
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scottiemickey View Post
I recently purchased a part of one of their systems. What I did not realize was that it was one part of the three part system. I did find it useful, but it did not work out for my style of trading. That being said, Adam contacted me to offer a refund. Ever heard of a vendor doing this? I have not. I was on the plan where I leased as I went until it was paid off. Not sure what has happened in the past, but I felt this was more than fair, and cannot say anything negative about them, if anything, much more positive.



I don't know beans from Adam but I too had purchased IW's DTS system late last year and the system paid for itself within a few short weeks of my initial purchase. In fact, I purchased a-la-carte and for every DTS indicator I had added to the arsenal the better became my trading and profits went up. But then again, I consider myself your average trader and nothing I had tried before has given me the results I am getting with DTS. This may go against the grain of what has been posted here but the results are real and measured in $$$.

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  #42 (permalink)
San Diego, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ, TF, YM, FDAX, ZN, ZB, CL, GC
 
Posts: 3 since Sep 2013
Thanks: 1 given, 0 received

Early in 2014, after studying the market and the different tools out there, I decided to purchase the DTS system. I purchased the entire suite of tools and used the 6 payments option. I found the DTS suite of tools, a professional trading system, easy to install and very useful, especially with the 3 different views (birds), which represent 3 different market scenarios: Swing Trading Scalping Trading and Trend Trading.

As I started to use and study the tools, I found the team behind it very helpful and professional, starting with the technical and professional support of Ben, with the training and large educational material by Ray & Erich, and the unlimited access to the trading rooms, with public and members only.

Later in 2014, I had an accident, and I was not able to access the system for many months. Adam was very thoughtful and offer to waive my lasts of 6 payments, to make it easy on me.

I don't know what was in the past, but If your are looking for a professional discretionary trading system, with an automatic risk management system, an amazing semi automatic profit seeking abilities, and an amazing team to support you, I recommend IW DTS.

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  #43 (permalink)
Legendary Market Wizard
Montreal, Quebec
 
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Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
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shaisamuel View Post
Early in 2014, after studying the market and the different tools out there, I decided to purchase the DTS system. I purchased the entire suite of tools and used the 6 payments option. I found the DTS suite of tools, a professional trading system, easy to install and very useful, especially with the 3 different views (birds), which represent 3 different market scenarios: Swing Trading Scalping Trading and Trend Trading.

As I started to use and study the tools, I found the team behind it very helpful and professional, starting with the technical and professional support of Ben, with the training and large educational material by Ray & Erich, and the unlimited access to the trading rooms, with public and members only.

Later in 2014, I had an accident, and I was not able to access the system for many months. Adam was very thoughtful and offer to waive my lasts of 6 payments, to make it easy on me.

I don't know what was in the past, but If your are looking for a professional discretionary trading system, with an automatic risk management system, an amazing semi automatic profit seeking abilities, and an amazing team to support you, I recommend IW DTS.

Shaismuel - that is a very glowing report for your first post here. Why don't you create a trading journal to show your progress using these tools. Perhaps some screenshots, videos etc. and walk us through using these tools.

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- Trade what you see. Invest in what you believe -
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  #44 (permalink)
San Diego, CA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES, NQ, TF, YM, FDAX, ZN, ZB, CL, GC
 
Posts: 3 since Sep 2013
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JonnyBoy View Post
Shaismuel - that is a very glowing report for your first post here. Why don't you create a trading journal to show your progress using these tools. Perhaps some screenshots, videos etc. and walk us through using these tools.

What is wrong with you people? Why are you so aggressive? I put my thought in this post, and I need not to prove anything to anybody. I didn't make any claims, just shared my thought and feelings.

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  #45 (permalink)
Singapore
 
Experience: Beginner
 
Posts: 206 since Jun 2011
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You are the one who seems to give an aggressive response to a post, shaisamuel..

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